Lower average clearing prices make IEX Spot Power Market buyer friendly in October

With average Area Clearing Price (ACP) in all regions except South at Rs. 2.89 per unit, almost 16% lower than ACP of Rs 3.42 per unit in September, the IEX Spot Power Market was more buyer friendly throughout the month of October.ETEnergyWorld | November 08, 2015, 04:30 IST

Power Transmission Line (Representative Image)New Delhi: The Average Area Clearing Price (ACP) in October across all regions except South was Rs. 2.89 per unit, 16% lower than ACP of Rs 3.42 per unit last month, IEX said in a statement.

The dip in demand was due to the setting in of winters in the Northern region coupled with the easing of congestion and ample supply led to the decrease in prices this month, it added. FTIL exits from IEX, sells entire 19.06% stakeWith average Area Clearing Price (ACP) in all regions except South at Rs. 2.89 per unit, almost 16% lower than ACP of Rs 3.42 per unit in September, the IEX Spot Power Market was more buyer friendly throughout the month of October, IEX said in the statement.

Average daily trade in October was 105 MUs with average daily participation of 926 participants. The market continued with its buyers’ bias as average daily sell bids at 142 MUs exceeding buy bids of 132 MUs.

As regards Inter-state transmission congestion, with the recent commissioning of West-North inter-regional Gwalior – Jaipur 765 KV double circuit link, the congestion experienced earlier by the Exchange towards importing power into Northern States is not there anymore. However, congestion towards the South continues to remain a deterrent to trade. The Exchange lost 164 MUs in October as a result of congestion in the Inter-State Transmission System towards Southern Region.

Prices (ACP):

The Average Area Clearing Price (ACP) in October across all regions except South was Rs. 2.89 per unit, 16% lower than ACP of Rs 3.42 per unit last month. The dip in demand due to the setting in of winters in the Northern region coupled with the easing of congestion and ample supply led to the decrease in prices this month.

In South, price was Rs 4.88 per unit, 21% lower than Rs 6.18 per unit in the previous month, owing to relative easing of transmission congestion as well as availability of generation within the region.

The average area prices in October vis-à-vis September are as summarised in the table below:

Volumes:

A few key power market highlights are as given below:

• Total buy bids – 4.10 BUs • Total Sell bids – 4.43 BUs

The Northern and Southern States were the Net Buyers.

• Northern States bought – 1,298 MUs, 17% less over the previous month. • Southern States bought - 272 MUs, same as the previous month.

The Eastern, Western and North-Eastern States were the Net Sellers

• Western States Sold – 1,610 MUs, 19% more over the previous month. • Eastern States Sold – 775 MUs, 29% more over the previous month. • The North-Eastern States Sold – 138 MUs, 16% less over the previous month.

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